5 Most Asked Questions from The Road From Metrics to Analytics for Mid-Size Manufacturers Webcast

Posted by Patrick Fetterman on Fri, Oct 26, 2018 @ 02:20 PM

On Thursday, October 25, LNS Research hosted the webcast, “The Road from Metrics to Analytics for Mid-Sized Manufacturers.” The webcast explored data from the 2018 “Analytics That Matter” survey with a focus on finding metrics used by high-performing companies for financial operations, manufacturing operations, and supply chain management. The webcast also focused on how companies can make a move from metrics to advanced industrial analytics, the best practices for building use cases for analytics, and the importance of an Operational Architecture to support industrial analytics.

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Tags: Manufacturing Operations Management (MOM), Metrics, Industrial Internet of Things (IIoT)

Manufacturing ERP Vendor Plex Systems Acquires IIoT Firm DATTUS [MondayMusings]

Posted by Patrick Fetterman on Mon, Oct 15, 2018 @ 10:27 AM

The #MondayMusings Industrial Transformation blog series provides insight and analysis for executives from the previous week’s briefings, events, and publications @LNSResearch.

On July 31, manufacturing ERP vendor Plex Systems announced the acquisition of DATTUS, an Indianapolis-based software company focused on collecting machine data from the factory floor and applying advanced analytics. Terms of the deal were not disclosed .

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Tags: #MondayMusings, Solution Vendor / Software Vendor, Industrial Internet of Things (IIoT), Cloud, Enterprise Resource Planning (ERP)

Advanced Industrial Analytics Vendor Seeq Secures $23 Million in Series B Funding [MondayMusings]

Posted by Matthew Littlefield on Mon, Aug 06, 2018 @ 01:41 PM

The #MondayMusings Industrial Transformation blog series provides insight and analysis for executives from the previous week’s briefings, events, and publications @LNSResearch.

On July 18, advanced industrial analytics vendor Seeq announced $23 Million in series B funding. Seeq was founded in 2013 with an initial series A funding of $6 Million led by Second Avenue Partners. The second round of funding included previous as well as new strategic investors like Altira Group with participation from Chevron Technology Ventures and next47, the Siemens backed global venture firm.

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Tags: #MondayMusings, Solution Vendor / Software Vendor, Industrial Internet of Things (IIoT)

PowerPlex 2018 – Customer Experience and Momentum [MondayMusings]

Posted by Dan Jacob on Mon, Jun 11, 2018 @ 11:37 AM

A few weeks ago, I attended PowerPlex, Plex Systems’ (Plex) annual user conference. The event was held in the heart of Detroit, fitting given Plex’s strong presence in the automotive supply chain and discrete manufacturing. The PowerPlex event continued to grow this year, reflecting Plex’s strong year-over year growth in users (expanded usage in 294 existing customers) and customers (65 new customers). The strength of the Plex platform is a vital growth enabler and differentiator. The platform delivered 1.7 T transactions, 779M web service calls, and 99.9998% uptime in 2017, all with better than 500ms response rate on its multitenant Cloud platform.

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Tags: #MondayMusings, Solution Vendor / Software Vendor, Industrial Internet of Things (IIoT), Cloud

Smart Manufacturing Experience 2018: IIoT, VR/AR, 3D Printing, and Whatnot

Posted by Vivek Murugesan on Fri, Jun 08, 2018 @ 10:29 AM

The Smart Manufacturing Experience launched its first edition of manufacturing event on April 30, 2018 at the Boston Convention Center. The 3-day event, which focused mostly on Smart Manufacturing, the Industrial Internet of Things (IIoT), additive manufacturing, and augmented reality/virtual reality (AR/VR), witnessed several hundred presenters and attendees from an assortment of companies including IIoT Platform start-ups, industrial analytics providers, 3D printing companies, and big technology players like Microsoft, PTC, among others.

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Tags: Industry 4.0 / Smart Manufacturing, Artificial Intelligence / Machine Learning (AI/ML), Industrial Transformation / Digital Transformation, Cloud, Industrial Internet of Things (IIoT)

The Connected Worker: Modernize Safety and Risk Management with Digital Innovation

Posted by Peter Bussey on Tue, May 22, 2018 @ 01:28 PM

Digital Transformation is a widespread trend across industry. Our research shows that about two-thirds of industrial organizations have already implemented Smart Manufacturing and Industry 4.0 technologies, or plan to soon. This trend is only accelerating. To date, most companies have focused digitalization investments on using asset- and operations-related data to improve core operational areas such as asset reliability, energy management, and production efficiency.

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Tags: Environment, Health and Safety (EHS), Industrial Transformation / Digital Transformation, Smart Connected Assets, Risk Management, Industrial Internet of Things (IIoT)

Hannover Messe 2018: Digital Transformation, Edge, Cloud, and More [MondayMusings]

Posted by Andrew Hughes on Mon, May 07, 2018 @ 12:34 PM

In 2013, the concept of Industrie 4.0 was first touted at Hannover Messe, the world’s largest, and most expensive manufacturing show for exhibitors, industrial automation, and equipment. In the ensuing five years, the halls have been full of hype, everything 4.0 and grand promises of what is coming soon. Thankfully, signals from the Messe this year are aimed at delivery on a commercial scale. The Industrie 4.0 messaging spread across dozens of stands has gone, and the stand holders seem to be ready to deliver the first stage of benefits that Digital Transformation promises.

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Tags: Industrial Transformation / Digital Transformation, Industrial Internet of Things (IIoT), #MondayMusings, Solution Vendor / Software Vendor, Cloud, Industry 4.0 / Smart Manufacturing, Manufacturing Operations Management (MOM), Asset Performance Management (APM)

5 Common Mistakes Companies Make When Modernizing Their ERP Application

Posted by Dan Miklovic on Tue, Apr 24, 2018 @ 11:21 AM

As the enterprise resource planning (ERP) market approaches the quarter-century mark, many manufacturers and asset-intensive industries are going through an upgrade or refresh cycle. With the growing importance of Cloud, mobility, Big Data analytics and the Industrial Internet of Things (IIoT), these firms are frequently driven by competition, or senior management’s desire to change the company's competitive position, through Digital Transformation to become a Smart Manufacturing company. LNS has numerous end-user clients that see their business environment changing, and application decisions they made one or two decades ago now leave them with a technology portfolio that inhibits their ability to pursue Digital Transformation. Data from our IIoT survey shows that of the nearly 650 respondents, 62% list enterprise application spending as the number one investment area, over Big Data analytics and knowledge management. Unfortunately, many firms struggle with choosing their next generation ERP technology. What are the most common mistakes that make it so hard?

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Tags: Industrial Internet of Things (IIoT), Industrial Transformation / Digital Transformation, Enterprise Resource Planning (ERP), Cloud, IT/OT

Schneider Electric 2018 Innovation Summit: Focus on Digital and Power [MondayMusings]

Posted by Mehul Shah on Mon, Apr 23, 2018 @ 10:30 AM

Last week, LNS attended the Schneider Electric Innovation Summit in Paris. It is one of the two flagship summits from 16 overall events Schneider Electric will hold this year to showcase their vision and technology. The event, first since Schneider Electric Software and AVEVA merger, was held in Paris from April 4-6 and had nearly 5000 attendees including customers, partners, prospects, employees, press, and analysts. The host city was painted green to match Schneider Electric brand color.

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Tags: Industrial Transformation / Digital Transformation, Industrial Internet of Things (IIoT), #MondayMusings, Solution Vendor / Software Vendor

Quality 4.0 and Manufacturing New Product Introduction (NPI)

Posted by Dan Jacob on Wed, Apr 11, 2018 @ 11:06 AM

Is manufacturing new product introduction critical for organization?  Developing profitable, timely, high-quality products is more important today than ever before. Visibility to product performance has never been higher, while competition continues to squeeze margins and time to market. These market dynamics, among others, are increasing the pressure on product teams.

Click here to speak with Dan Jacob

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Tags: Quality 4.0, New Product Introduction (NPI), Industrial Internet of Things (IIoT), Industrial Transformation / Digital Transformation